The NBA trade deadline is less than a month away, so it’s a good time to talk expiring contracts. These are players that are in the final year of their deals, which makes them trade fodder for teams looking to cut salary this summer. I’ll list each player by contract size, whether or not he can still play, and discuss the possibility that they’ll be traded by the trade deadline. I’ll also dig into the strategy that their current teams should and/or could be utilizing when considering a trade.

All salary data is from HoopsHype, and I’ll assume – given the bad economy – that the cap will stay at about $59 million next season. (In fact, it might even be lowered.)

Allen Iverson, Pistons
Salary: $21.9 million
Detroit is 20-15 since trading for AI, and considering the franchises successful run over the past few season, that’s disappointing. But the Pistons didn’t make this trade to acquire AI, they made the trade to rid themselves of Chauncey Billups’ contract, which runs through 2011. Was this wise? Probably not, at least in the short term. Billups is one of the top point guards in the league and is doing great things with his new team. But since the Pistons like what Rodney Stuckey can do (and justifiably so), Billups became expendable. GM Joe Dumars made the deal to give the team the financial flexibility to retool the roster over the next two summers, and with Iverson and Rasheed Wallace coming off the books, the Pistons will have about $26 million to spend this summer. They could opt to sign Carlos Boozer, but would likely have to pony up big bucks to do so. He would probably start at $14 million, so that would leave $12 million to re-sign the 34 year-old Wallace or another center. The team could conceivably sign Boozer, then wait a year, let Rip Hamilton’s contract expire, and then sign Chris Bosh or Amare Stoudemire in the summer of 2010, giving the team a core of Stuckey, Boozer, Tayshaun Prince and either Bosh or Stoudemire to build around. Not bad. Considering the main reason the Pistons traded for AI was to cut salary, the chances of them trading him (and taking on salary in return) aren’t good. (Though a Marion-for-Iverson swap might help both teams in the short term.)
Chances of being traded: Low

Barring an unlikely Dallas run to the NBA Finals, the verdict on the Jason Kidd trade is in.

The Nets got the better end of the deal.

Devin Harris is blowing up right before our eyes. On the season, he is averaging 26.3 points (on 49% shooting) and 6.3 assists. On Sunday night, he posted 47 points, eight assists and seven rebounds in a win in Phoenix. The night before, he finished with 34 points, six assists and three steals in a road win over Utah.

Not only did the Nets get Harris, they also received a couple of first round picks as part of the trade.

I wouldn’t want to be in charge of Mark Cuban’s blood pressure right now.

The SEC – that’s The Security and Exchanges Commission, not the Southeastern Conference – has filed insider trading charges against Dallas Mavericks owner Mark Cuban.

The SEC alleges in a civil action that Mr. Cuban sold his entire 6% ownership stake on June 28, 2004, after learning that Mamma.com was raising money through a private investment in a public entity, or PIPE. The next day, on June 29, the company announced the PIPE financing and shares of the company dropped by more than 10%. By selling his stake, the SEC alleges, Mr. Cuban avoided more than $750,000 in losses.

In a PIPE transaction new shares are issued at a discount to the current trading price. An announcement of a PIPE transaction is often followed by a drop in the stock price as shareholders anticipate their stake will be diluted.

On one hand, I sort of admire all the time and money that Cuban puts into the Dallas Mavericks. I don’t think he actually knows all that much about basketball, but most owners don’t commit that much of themselves to the teams they own. Cuban is out there just about every night, cheering his team on. He’s also not afraid to make bold (but dumb) trades like the one that brought Jason Kidd to Dallas.

Then I think about how Cuban made his fortune. He started a company called Broadcast.com during the “internet boom” and he eventually sold the company to Yahoo for $5.9 billion in stock.

Most investors lost their proverbial asses during the internet bubble, but Cuban somehow walked away with almost $6 billion. Either Cuban was really smart to get out when he did or he was lucky enough to have the perfect timing.

Now there’s the news that this billionaire is willing to risk criminal prosecution just to save $750,000 on some stock. What’s the point? So you learn the company you own stock in is about to dilute your shares – is it worth the risk to save $750 K on the deal? Even if he doesn’t go to jail, he’s given himself a black eye as far as the public is concerned.

That doesn’t seem all that smart to me.